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Item Details
| Title:
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WHY CAPITALISM SURVIVES CRISES
THE SHOCK ABSORBERS |
| By: |
Paul Zarembka (Editor) |
| Format: |
Electronic book text |
| List price:
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£82.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1848555873 |
| ISBN 13: |
9781848555877 |
| Publisher: |
EMERALD PUBLISHING LIMITED |
| Pub. date: |
21 May, 2009 |
| Series: |
Research in Political Economy 25 |
| Pages: |
300 |
| Description: |
Focuses attention on why capitalism survives crises by developing the argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This book tells how this class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities. |
| Synopsis: |
The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central feature in the political arena. The absorptive class in its dialectical relationship to the other two major classes, capitalist and working class, is vital for this reformist tendency; in this context consideration of the individual in a narcissistic social environment also becomes a focus of attention. With its distinct importance, the absorptive class helps glue capitalist economy and state together, and this provides an understanding of the contradiction between the need for a 'big' state in the interest of the absorption of commodities and the 'small state' in the interest of efficient resource allocation and profit. The second portion of the volume considers the application and conceptualization of the value theory by two leading academics in political economy and concludes with an exposition of the methodology differences between two important Japanese Marxian economists. |
| Publication: |
UK |
| Imprint: |
Emerald Publishing Limited |
| Returns: |
Non-returnable |
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